Bundesbank President Joachim Nagel said he hopes that Europe can overcome trade difficulties with China, but should be ready to take firm action if necessary.
“I think this retaliation question, I think at the end, it has to be decided by politics where we are going here, is retaliation the right strategy?,” he told the Berlin Global Dialogue conference on Friday. “It would be better to find a kind of an agreement, a kind of a joint understanding how to manage the whole situation.”